Question
Question 1.1. Which of the following is an example of discretionary fiscal policy? (Points : 3)
an increase in unemployment insurance payments during a recession
an increase in income tax receipts with rising income during an expansion
the tax cuts passed by Congress in 2001 to combat the recession
a decrease in food stamps issued during an expansion or boom

Question 2.2. The majority of dollars spent by government prior to the Great Depression was spending at the ________ level. In the post World War II period, two-thirds to three quarters of all dollars spent by government in the United States are spent at the ________ level (Points : 3)
federal; state and local
state and local; federal
state and local; state
local; state

Question 3.3. The fastest growing category of government expenditure is (Points : 3)
grants to state and local governments.
defense spending.
transfer payments.
government purchases.

4.
Year Potential Real GDP Real GDP Price Level
2013 $14.0 trillion $14.0 trillion 150
2014 14.5 trillion 14.8 trillion 154
Consider the hypothetical information in the table above for potential real GDP, real GDP and the price level in 2013 and in 2014 if the Congress and the president do not use fiscal policy. If the Congress and the president want to keep real GDP at its potential level in 2014, they should
(Points : 3)
buy Treasury securities.
conduct expansionary fiscal policy.
decrease government purchases.
decrease the discount rate.

5. A permanent tax cut would likely ________ consumption spending ________ than would a tax rebate like the one issued in 2008. (Points : 3)
increase; more
increase; less
decrease; more
decrease; less

6. if government spending and the price level increase, then (Points : 3)
the interest rate increases, consumption declines, and investment spending declines.
the interest rate decreases, consumption declines, and investment spending declines.
the interest rate increases, consumption increases, and investment spending increases.
the interest rate decreases, consumption increases, and investment spending increases.

7. During recessions, government expenditure automatically (Points : 3)
falls because of programs such as unemployment insurance and Medicaid.
rises because of programs such as unemployment insurance and Medicaid.
falls because of the progressive income tax system.
rises because of the progressive income tax system.

8. According to the short-run Phillips curve, the unemployment rate and the inflation rate are (Points : 3)
unrelated.
positively related.
negatively related.
unaffected by monetary policy.

9. What is the natural rate of unemployment? (Points : 3)
the unemployment rate that exists when the economy is at potential GDP
the unemployment rate that exists when the economy is at a trough in a business cycle
an unemployment rate of 0%
any unemployment rate that is above the inflation rate

10. What impact does monetary policy have on the long-run Phillips curve? (Points : 3)
Monetary policy can only shift the long-run Phillips curve to the left.
Monetary policy shifts the long-run Phillips curve to the right or left, depending on whether monetary policy is expansionary or contractionary.
Monetary policy can only shift the long-run Phillips curve to the right.
Monetary policy has no impact on the long-run Phillips curve.

11. In the long run, the Federal Reserve can control which of the following? (Points : 3)
the inflation rate
the unemployment rate
the growth rate of real GDP in the economy
the natural rate of unemployment

12. Contractionary monetary policy will result in (Points : 3)
higher interest rates.
increased rates of inflation.
an upward shift in the short-run Phillips curve.
a leftward shift in the long-run Phillips curve.

13. If the Federal Reserve announces that its target for the federal funds rate is rising from 4 percent to 4.25 percent, how do you expect workers and firms to react? (Points : 3)
As long as the Fed’s announcement is credible, workers and firms will increase their consumption and investment spending, which will increase aggregate demand and inflation.
As long as the Fed’s announcement is credible, workers and firms will reduce their consumption and investment spending, which will reduce aggregate demand and reduce inflation.
If the Fed’s announcement is not credible, workers and firms will not expect inflation to fall so they will reduce their consumption and investment spending, which will increase aggregate demand and reduce inflation.
Workers and firms will incorporate the increase in interest rates into their expectations of inflation, and they will expect inflation to rise as a result of Fed’s policy announcement.

14. If the Fed decided to reverse its policy actions implemented during the heart of the last recession, the Fed would be acting to try to prevent (Points : 3)
a decrease in unemployment.
an increase in unemployment.
an increase in deflation.
an increase in inflation.

15. If foreign holdings of U.S. dollars increase, holding all else constant, (Points : 3)
THE BALANCE ON THE US FINANCIAL ACCOUNT WILL INCREASE
the balance on the U.S. current account will increase.
the balance on the U.S. capital account will increase.
the U.S. balance of trade will increase.

16. The balance of trade includes trade in (Points : 3)
goods only.
services only.
both goods and services.
neither goods not services.

17. Currency traders expect the value of the dollar to fall. What effect will this have on the demand for dollars and the supply of dollars in the foreign exchange market?(Points : 3)
Demand for dollars will increase, and supply of dollars will decrease.
Demand for dollars will increase, and supply of dollars will increase.
Demand for dollars will decrease, and supply of dollars will increase.
Demand for dollars will decrease, and supply of dollars will decrease.

18. What impact might an increase in the budget deficit have on interest rates and exchange rates? (Points : 4)
Interest rates and exchange rates increase.
Interest rates increase and exchange rates decrease.
Interest rates decrease and exchange rates increase.
Interest rates and exchange rates decrease.

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Issuing Stock in Foreign Markets Bloomington Co. is a large U.S.based MNC with large subsidiaries in Germany. It has issued stock in Germany in order to establish its business. It could have issued stock in the United States and then used the proceeds in order to support the growth in Europe. What is a possible advantage of issuing the stock in Germany to finance German operations? Also why might the German investors prefer to purchase the stock that was issued in Germany rather than purchase the stock of Bloomington on a U.S. stock exchange?

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Week 3: Create a Word document called ‘Critical Thinking’ and write approximately 400 words describing why you need to be a critical thinker. Explain why it is important for ICT professionals to be critical thinkers.

Question COIT20233 Assessment Details Assessment item 4?Portfolio Due date: 11:55pm AEST Friday Week 12 ASSESSMENT Weighting: 30% 4 Length: Not applicable Objectives This assignment is designed to develop a portfolio of resources that you can use during your degree. The compilation of your Portfolio is progressive throughout the term. Please refer to the course profile to see how this assessment item relates to the course learning outcomes. These objectives will be measured by the ?closeness of fit? to meeting the requirements and the assessment criteria below. Submission Submit each file individually into Moodle using the links in the Assessment block for Assessment item 4 on the course website. Please note there should be five (5) files submitted. The due date for this assignment is the Friday of Week 12. It is STRONGLY recommended that students complete the work during the term using the timeframe suggested in the Requirements section below. Requirements ALL assignments will be checked for plagiarism (material copied from other students and/or material copied from other sources) using Turn-It-In. If you are found to have plagiarised material or if you have used someone else?s words without appropriate referencing you will be penalised for plagiarism which could result in zero marks for the whole assessment item NOT just the individual submission. In some circumstances a more severe penalty may be imposed. Useful information about academic integrity (avoiding plagiarism) can be found at: http://www.cqu.edu.au/about-us/service-and-facilities/referencing Note: You need to ensure that your portfolio submissions are free of any spelling grammatical and typographical errors. Week 3: Create a Word document called ‘Critical Thinking’ and write approximately 400 words describing why you need to be a critical thinker. Explain why it is important for ICT professionals to be critical thinkers. Note that you should include your definition of the term critical thinking. You need to provide at least four (4) relevant unique points in your discussion. Upload the document into Moodle. (5 marks) Week 5: Conduct a Strengths-Weaknesses-Opportunities-Threats (SWOT) analysis of your presentation skills. An example can be found on page 13 of the prescribed textbook. The SWOT analysis should be presented in a square with four (4) quadrants. In addition to the SWOT analysis you also need to identify two areas of improvement for your presentation skills and outline some strategies you could use to enhance those areas. (5 marks) Week 7: Some people love Social Networking through technology (Facebook and Twitter) whilst others loathe it. Write reflectively about your experiences with the use of a Social networking technology such as Facebook or Twitter. You will need to provide a brief description of the experience and then write three paragraphs (approx. 400 words) of reflective writing where you analyse the experience what you have learnt from the experience and how you would handle it differently in the future. Your reflective writing should cover the three key points on reflective writing (see below). If you do not use and Social networking technologies you should write a reflection on why you do NOT use Social networking technologies. Call your MS Word document ?Reflective Writing? and upload that file into Moodle. The key points to consider when writing reflectively are: 1. You need to demonstrate what you have learned from a particular experience not just describe what happened. 2. There is no right or wrong answer?reflective writing is about what you learned from the experience. 3. Ask yourself the following questions and give your responses in your writing: Why did X happen? What did I do in X situation? What were the positive and negative outcomes in the situation? How might I do things differently next time? What have I learnt and how does this knowledge contribute to my development? (McCulloch & Reid 2012 p. 104) Note: You should re-read pages 103-105 of the textbook to ensure you know what is meant by reflective writing. (5 marks) Week 11: In week 9 you learnt about how to develop a personal ethical framework and last week you learnt about work and cultural issues. Understanding who you are and how you relate to others in both your personal and work life can make you aware of the values that are important to you as well as the values that you may need to work on to improve. Create a document called ?Personal Ethical Framework? in MS Word and write a 500 word account on how to build a reputation as a good ICT professional and how to work with others from diverse backgrounds. This document should include statements about your work ethic values that are important to you and how you relate to and communicate with others around you. As you are training to be an ICT professional you should refer to theACS Code of Ethics and/orACS Code of Professional Conduct when writing this personal ethical framework. In addition your response should contain your views on working with diversity in the workplace and how to be sensitive to the people who have been brought up in cultures different to your own. Upload the Personal Ethical Framework document into Moodle. (5 marks) Week 12: Create a document called ?Successful Completion? and write a reflective analysis that demonstrates you have satisfied all eight(8) course learning outcomes that are listed in the course profile for COIT20233 Professional Skills for ICT (they are listed below). In no more than two (2) A4 pages justify how the work you have completed this term has satisfied all eight (8) course learning outcomes. Please note it is important that you JUSTIFY that you have satisfied the course objectives do NOT just summarise the course content and/or assessment items. Write two things you liked about this course and provide the reason or reasons you liked them. Also describe two suggested improvements to the course and justify why they would improve the course. Upload the Successful Completion document into Moodle. From the Course Profile: On successful completion of this course you will be able to: 1. Describe the basic principles and importance of effective interpersonal communication active listening and reading for meaning. 2. Demonstrate teamwork skills. 3. Communicate ideas effectively both verbally and in written form using appropriate language. 4. Create and deliver effective oral presentations. 5. Argue the importance of ethics codes of behaviour and societal privacy and legal issues within the ICT industry. 6. Demonstrate an understanding of common work practices and values operating in the Australian workplace. 7. Assess how ICT can be used to improve organisational processes. 8. Evaluate the application of emerging technologies to communication and collaboration. (10 marks)

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social studies Reflect on social studies experiences in your education. Were they like the œQueen Bee teacher described on page 320 of your text? Did your teachers ever expect you to œput on your thinking cap as humorously noted on page 305 of your text? Briefly discuss your own experiences and then address the most significant part of your commentary on the following: What materials and activities can you use to develop critical and reflective thinking in the social sciences classroom? How will you help your students become problem solvers? use Children and their World “ Strategies for teaching social studies by David Welton

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